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Press Release

Caribbean Tourism Report Q4 2014 - New Report Available

New Consumer Goods market report from Business Monitor International: "Caribbean Tourism Report Q4 2014"

Boston, MA -- (ReleaseWire) -- 10/28/2014 -- The Caribbean region is returning to sustained growth, with all countries expecting tourist arrivals to increase in 2014 and 2015 . However, this is expected to remain below pre-2007 trend growth, with regional arrivals now averaging about 3.0% annual growth. Nonetheless, we expect that improving growth prospects will encourage greater investment in the region, particularly in the hotel sector.

Our tourism report for the Caribbean considers the impact of ongoing global economic uncertainty on the Caribbean tourism industry and how the region's fiscal issues are affecting its tourism arrivals. Following the decline of the financial services industry after the economic downturn hit in 2007, tourism has increased in importance to Caribbean economies. Although Cuba and Trinidad & Tobago have more diversified economies, the majority of the Caribbean islands are now primarily dependent on tourism as their major source of revenue.

View Full Report Details and Table of Contents

The latest data from the Caribbean Tourism Organization (CTO) in July 2014 bears out our positive prognosis for growth across all countries in 2014. Indeed, the CTO is reporting higher growth in Antigua, Belize, the Cayman Islands, Montserrat, Grenada and Haiti for the first half of the year. However, we note that the Caribbean low season begins in June, when hurricane season starts, lasting until October/November. Arrivals are therefore set to be lower in these months, picking up again towards the end of the year.

BMI key forecasts :

- BMI has raised its forecast for total 2014 arrivals to 39.9mn, up from a previous forecast of 38.9mn. This will represent 3.0% year-on-year (y-o-y) growth.

- BMI is forecasting hotels and restaurants industry value to total USD9.0bn in 2014, representing growth of 3.2% y-o-y. Growth is projected to be particularly high in 2015, when it will accelerate to 5.7%.

- BMI is forecasting arrivals from North America to grow by 3.4% in 2014, to 13.1mn. Arrivals from Asia-Pacific will grow...

The Caribbean Tourism Report has been researched at source and features Business Monitor International (BMI)'s independent assessment and forecasts for tourist expenditure; government expenditure on tourism; passenger arrivals and departures by mode of transport, reason for travel, origin and destination; and the accommodation market.

BMI's Caribbean Tourism Report provides industry professionals and strategists, corporate analysts, associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on the Barbadian, Bahamian, Jamaican, Trinidadian, Dominican, Grenadian, Guyanese, Cuban, Haitian, Martiniquais, Bermudan, Dominican, Puerto Rican, Antiguan, Barbudan, Anguillan, Aruban, Kittitian, Caymanian, St. Lucian, Montserratian, Turks and Caicos Islands, Vincentian, Virgin Islands, British, Virgin Islands, U.S., Belizean, Dutch Antillean, Guadeloupe, Surinamese tourism industry.

Key Benefits

- Benchmark BMI's independent tourism industry forecasts for Barbados, Bahamas, Jamaica, Trinidad & Tobago, Dominica, Grenada, Guyana, Cuba, Haiti, Martinique, Bermuda, Dominican Republic, Puerto Rico, Antigua and Barbuda, Anguilla, Aruba, Saint Kitts and Nevis, Cayman Islands, Saint Lucia, Montserrat, Turks and Caicos Islands, St Vincent, Virgin Islands, British, Virgin Islands, U.S., Belize, Netherlands Antilles, Guadeloupe, Suriname to test other views - a key input for successful budgetary and planning in the Barbadian, Bahamian, Jamaican, Trinidadian, Dominican, Grenadian, Guyanese, Cuban, Haitian, Martiniquais, Bermudan, Dominican, Puerto Rican, Antiguan, Barbudan, Anguillan, Aruban, Kittitian, Caymanian, St. Lucian, Montserratian, Turks and Caicos Islands, Vincentian, Virgin Islands, British, Virgin Islands, U.S., Belizean, Dutch Antillean, Guadeloupe, Surinamese tourism market.

- Target business opportunities and risks in the Barbadian, Bahamian, Jamaican, Trinidadian, Dominican, Grenadian, Guyanese, Cuban, Haitian, Martiniquais, Bermudan, Dominican, Puerto Rican, Antiguan, Barbudan, Anguillan, Aruban, Kittitian, Caymanian, St. Lucian, Montserratian, Turks and Caicos Islands, Vincentian, Virgin Islands, British, Virgin Islands, U.S., Belizean, Dutch Antillean, Guadeloupe, Surinamese tourism sector through our reviews of latest industry trends, regulatory changes and major deals, projects and investments in Barbados, Bahamas, Jamaica, Trinidad & Tobago, Dominica, Grenada, Guyana, Cuba, Haiti, Martinique, Bermuda, Dominican Republic, Puerto Rico, Antigua and Barbuda, Anguilla, Aruba, Saint Kitts and Nevis, Cayman Islands, Saint Lucia, Montserrat, Turks and Caicos Islands, St Vincent, Virgin Islands, British, Virgin Islands, U.S., Belize, Netherlands Antilles, Guadeloupe, Suriname.

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For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 800-844-8156

Browse all Consumer Goods research reports at Fast Market Research

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For more information on this press release visit: http://www.releasewire.com/press-releases/caribbean-tourism-report-q4-2014-new-report-available-554900.htm

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Fast Market Research, Inc.
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